First NBC Bank Holding Company Fund Forecast

Evaluation of First NBC Bank Holding Company fund downgraded after the last trading session.
(Updated on May 19, 2017)

FNBC Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 10, 2017, and so far it has risen 24.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The First NBC Bank Holding Company fund holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term Moving Average at $2.08. On a fall, the fund will find some support from the short-term average at $0.125. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First NBC Bank Holding Company fund

On the downside, the fund finds support just below today's level from accumulated volume at $0.115 and $0.102. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.102 may give a huge drop in the fund price.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FNBC) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect First NBC Bank Holding Company to open at $0.127, and during the day (based on 14 day Average True Range), to move between -$0.115 and $0.369, which gives a possible trading interval of +/-$0.242 (+/-190.94%) up or down from last closing price. If First NBC Bank Holding Company takes out the full calculated possible swing range there will be an estimated 381.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.115 (9.37%) than the resistance at $0.150 (18.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First NBC Bank Holding Company fund A Buy?

First NBC Bank Holding Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.860 Sell Candidate Downgraded

Predicted Opening Price for First NBC Bank Holding Company of Monday, May 22, 2017

The predicted opening price is based on yesterday's movements between high, low, and closing price.